Yang K. Lu (PDF
VERSION)
Department of Economics
Hong Kong University of Science and Technology
Clear Water Bay, Kowloon
Hong Kong
Email: yanglu@ust.hk
Tel: +852 2358 7619
Office: 6059 LSK Bldg
Web site: http://yanglu.people.ust.hk
Current Position
Associate
Professor (with tenure), HKUST July
2018 – Present
Assistant
Professor, HKUST Sep
2010 – June 2018
Past Position
Postdoctoral
Scholar, European University Institute
Sep 2009 – Aug 2010
Education
Ph.D.,
Economics, Boston University, Boston MA, May 2009
Dissertation Title: Macroeconomics, Econometrics and Game Theory of Regime Changes
Committee: Robert G. King, Pierre Perron, Barton Lipman and
Christophe Chamley
B.A.,
Economics (with distinction),
Fields of
Interest
Information and Learning in
Macroeconomics and Finance,
Empirical Macroeconomics and
Finance, Time Series Econometrics
Publications in
refereed journals or conference Proceedings
1. Haq, Ehsan-Ul, Yang K. Lu and Pan Hui. “It’s all
Relative! A Method to Counter Human Bias in Crowdsourced Stance Detection of
News Articles” (2022) In Proceedings of the 25th ACM
Conference on Computer-Supported Cooperative Work and Social Computing (CSCW 2022)
2. King, Robert G. and
Yang K. Lu. “Credibility and
Explicit Inflation Targeting” (2022) Essays in Honor
of Marvin Goodfriend:
Economist and Central Banker, FRB Richmond
3.
Edmond, Chris and
Yang K. Lu. “Creating
Confusion” (2021) Journal of Economic Theory, Vol 191,
105145
4.
Che, Jiahua, Kim-Sau Chung and Yang
K. Lu. “Decentralization and Political Career Concerns” (2017) Journal
of Public Economics, Vol 145,
201-210
5. Lu, Yang K.,
Robert G. King and Ernesto Pasten. “Optimal
Reputation Building in the New Keynesian Model” (2016) Journal
of Monetary Economics, Vol
84, 233-249
6.
Chen, Heng, Yang K. Lu
and Wing Suen. “The
Power of Whispers: A Theory of Rumor, Communication and Revolution”
(2016) International Economic Review, Vol 57, Issue 1, 89-116
7.
Lu, Yang K. “Optimal Policy with Credibility
Concerns” (2013) Journal of Economic Theory, Vol
148, Issue 5, 2007-2032
8. King, Robert G., Yang K. Lu and Ernesto Pasten. “Managing Expectations” (2008) Journal of Money, Credit and Banking, Vol 40, Issue 8, 1625-1666
9. Lu, Yang K. and Pierre Perron. “Modeling and Forecasting Stock Return Volatility using a Random Level Shift Model” (2009) Journal of Empirical Finance, Vol. 17, Issue 1, 138-156
Other publications
“Communicating Accountability”, Government Gazette, April/May 2010,
Centre for Parliamentary Studies,
“What Causes the Quick Development of Private
Corporations in China: An Incentive Mechanism for Entrepreneur” (in
Chinese) (2003) Contemporary Finance
& Economics, Special Issue: 294-296.
Working Papers
“Evolving
Reputation for Commitment: The Rise, Fall and
Stabilization of US Inflation” (with Robert G. King) Nov 2023, Resubmitted to Journal of Monetary Economics
“The
Signaling Effects of Sovereign Borrowing” (with Bowen Qu) Feb 2023,
Resubmitted to Journal of International
Economics
“Learning, Rare Disasters and Asset
Prices” (with Michael Siemer) Jan 2016
“Coordinating Expectations and the Information
Role of Policy” (with Ernesto Pasten) June
2009.
Presentations (* Scheduled)
2023: Hong Kong Baptist University*, Rochester, OSU, BU, UPenn, FRB-Philadelphia, UVa,
Southern Methodist University, City University of Hong Kong, AMES (Beijing),
AMES (Singapore), the 31st East Asian Seminar on Economics(Tokyo),
11th Shanghai Macroeconomics Workshop
2022: AMES (Shenzhen), AMES (Tokyo), 5th
HKUST and Jinan Joint Macro Workshop, SaMMF Workshop on Inflation (Virtual),
Bank of Chile (Virtual), Chinese University of Hong Kong
2021: VEAMS, 4th HKUST and Jinan Joint Macro Workshop, HKU
2020: Econometrics Society World Congress, SHUFE
2019: AMES (Xiamen), 2nd HKUST and Jinan
Joint Macro Workshop, CICM (Shenzhen), LAEF conference on Credibility (UC Santa
Barbara)
2018: 1st HKUST and Jinan Joint Macro
Workshop, Guanghua School of Management at Peking
University, University of Melbourne, HKUST Macro Workshop, AFR Summer Institute
of Economics and Finance, Shanghai Macro Workshop
2017: National University of Singapore, Singapore
Management University, Nanyang Technological University, CUHK(SZ), Shanghai
Forum, AMES(Hong Kong), HKUST Macro Workshop, Shanghai Macro Workshop
“Decentralization and Political Career Concerns”
2015: Sogang University (Seoul)
2014: NTU
(Singapore), Workshop on China Studies at HKU (Hong Kong)
“The Power of Whispers: A Theory of
Rumor, Communication and Revolution”:
2014: CUHK (Hong Kong), IAE/UAB (Barcelona)
2013: Fed-Chicago, Peking University HSBC Business
School (Shenzhen)
2012: Toulouse School of Economics, European
University Institute
“Optimal
Monetary Policy with Imperfect Credibility”
2013: Midwest Macro Meeting (UIUC), SED (Seoul),
Tsinghua Workshop in Macroeconomics (Beijing)
2012: 9th Journées
of the Foundation (Bank of France, Paris)
2011: Fudan University
(Shanghai), Max Weber Lustrum Conference (Florence), 2nd Shanghai
Macroeconomic Workshop
“Learning and Asset Prices in a
Rare Disaster Model”:
2012: Guanghua School of
Management, Peking University.
2011: Shanghai University of Finance and Economics,
Midwest Macro Meeting (Nashville), CDMA Conference (St. Andrews, UK), Economic
Dynamics Workshop (Shanghai)
2010: Max Weber June Conference (Florence)
“Credibility Concerns in Optimal Policy Design”
2010:
LSE public lecture, Toulouse School of Economics, LUISS, Midwest Macro Meeting,
2009: UC-Santa
Cruz, FRBs(Richmond, Kansas City, Philadelphia), UChicago-Booth,
City U of HK, Chinese U of HK, HKU, HKUST,
EUI
2008: BU-BC Green Line Macro Meeting
“Managing
Expectations”:
2008 SED (
“Coordinating
Expectations and the Information Role of Policy”:
2010 SED (
Conferences
JME 2008 Conference on “Monetary Policy under
Imperfect Information”, Gerzensee Switzerland,
2008
Conference in honor of Ernst Baltensperger,
Bern Switzerland, 2007
2nd Lindau Meeting with Nobel Laureates in
Economic Science, Lindau Germany, 2006
Teaching
Experience
Instructor, Macroeconomic Theory I, HKUST
Instructor, Managerial Macro, HKUST
Instructor, Introductory Macro, HKUST
Instructor, Economics Ph.D. Math Camp,
other
Professional Experience
Invited Discussant for “Scarcity of Safe Assets, Inflation, and the Policy Trap” by
David Andolfatto and Stephen Williamson, Monetary
Policy in a Global Setting: China and the United States, Tsinghua University,
2015
Co-organizer: Conference on “The 2007-2010
Financial and Economic Crisis: Causes, Consequences, and Policy
Responses,” Max Weber Programme, EUI,
Invited Discussant for “The Stability of Macroeconomic Systems with Bayesian Learners,”
by James Bullard and Jacek Suda, Banque
de France Seminar Series, 2009
Referee
Experience
American
Economic Review, Journal of Political Economy, Journal of Monetary Economics,
Journal of Economic Theory, AEJ-Economic Policy, Scandinavian Journal of
Economics, Canadian Journal of Economics, International Journal of Central
Banking, Economics Letters, B.E. Journal of Economic Analysis
and Policy, Journal of Macroeconomics,
Annals of Finance, Journal of Banking and
Finance, Journal of Empirical Finance, International Review of Economics and
Finance, China Economic Review, Bulletin of Economic Research
Fellowships
HKUST
VPRDO 30 for 30 Research Initiative Scheme, 2023-2025
Hong Kong RGC General Research
Fund # 16502022, 2022-2024
Hong
Kong RGC General Research Fund # 16501419, 2019-2021
Hong
Kong RGC General Research Fund # 16504317, 2017-2019
Hong
Kong RGC General Research Fund # 742112, 2012-2014
Hong
Kong RGC General Research Fund # 643811, 2011-2013
Research
Grant, Foundation Banque de France, 2010-2011
Max
Weber Fellowship, European University Institute, Florence, Italy, 2009-2010
Dean’s
Fellowship, Boston University, 2004
First-rate
People’s Scholarship, Fudan University,
2001-2004
Excellent
Graduate of Shanghai, 2004
Languages
Fluent in English and Native in Chinese
Computer
Skills: MATLAB, GAUSS, R
References: Available upon request